Negotiable \Ne*go"ti*a*ble\ (? or ?), a. [Cf. F. n['e]gotiable. See Negotiate.]

Capable of being negotiated; transferable by assigment or indorsement to another person; as, a negotiable note or bill of exchange.

Negotiable paper, any commercial paper transferable by sale or delivery and indorsement, as bills of exchange, drafts, checks, and promissory notes.

Source: Webster's Revised Unabridged Dictionary (1913)